PillPack snags $4 mln

PillPack said Wednesday that it has secured $4 million from Atlas Venture, Founder Collective and various unnamed angel investors. Concurrent with the funding, Atlas Venture’s Fred Destin and Founder Collective’s David Frankel have joined the PillPack board. PillPack is a pharmacy that simplifies medication management.

PRESS RELEASE

MANCHESTER, N.H., Feb. 4, 2014 /PRNewswire/ — PillPack, the pharmacy that simplifies medication management, has launched in 31 states, with additional states expected throughout 2014. The company has raised $4 million to date from Atlas Venture, Founder Collective, and angel investors.
“Managing medications is a complicated and stressful chore for people who have multiple prescriptions,” said TJ Parker, PharmD, a second-generation pharmacist and CEO of PillPack. “PillPack is a pharmacy that’s making the end-to-end process both simple and understandable. We’ve used modern technology and a healthy dose of design to reinvent the entire pharmacy experience.”
PillPack is initially focused on people with the toughest challenge – the 30 million people (one in 10) in the US who take more than five medications every day. PillPack customers receive all their prescriptions, over-the-counter medications and vitamins in a two-week roll of individual packs organized by date and time, replacing error-prone pill boxes and manual solutions. PillPack pharmacists are available 24 hours a day to answer questions and provide support.
“PillPack is a breath of fresh air for anyone who has spent endless hours counting pills, coordinating medications and navigating a complex system that causes frequent and often serious errors,” said Fred Destin, a partner with Atlas Venture. “PillPack customers spend less time dealing with medication and more time doing the things they enjoy, all while finding it incredibly simple to consistently take the right medication at the right time.”
As part of the financing, Destin and David Frankel, a partner with Founder Collective, joined the PillPack board. Other notable investors include IDEO, TechStars, Zen Chu, Sridhar Iyengar, Lucy McQuilken, Andy Palmer, David Tisch, and Walter Winshall.
About PillPack
PillPack is a full service pharmacy that delivers a better, simpler experience through convenient packaging, modern technology, and personalized service. For more information, please visit PillPack.com or follow us @PillPack.